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<br />Non-Fleet Replacement fund activity resulted in a $875,193 increase in net position compared to a planned decrease of
<br />$552,863. This increase is the result of the capital outlay not shown as an actual expense in the table and the
<br />unbudgeted operating expenses.
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<br />• Contractual services are over budget due to a reclassification of expenses from capital outlay.
<br />• Total capital costs (not shown in table) were $1,721,446. One major difference between the budgeted amount
<br />and actually costs was the NBCC HVAC unit which came in over budget by $836,500. The lower level remodel
<br />project was classified under non-fleet as an unbudgeted cost with funding transferred from the Community
<br />Reinvestment Fund. The $475,000 replacement of the Eagles Nest playground was deferred until 2017.
<br />• Ending cash balance is $3,159,171.
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<br />Non-Fleet Replacement Fund 2015
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges 395,300$ 411,500$ 411,500$ -$ 4.1%16,200$
<br />Operating expenses:
<br />Materials and supplies 4,739 - 9,654 (9,654) 103.7%4,915
<br />Contractual services 70,274 - 159,458 (159,458) 0.0%89,184
<br />Depreciation 173,361 - 195,503 (195,503) 12.8%22,142
<br />Total operating expenses 248,374 - 364,615 (364,615) 46.8%116,241
<br />Operating income (loss)146,926 411,500 46,885 (364,615) -68.1%(100,041)
<br />Nonoperating activity
<br />Interest on investments 26,210 43,000 39,632 (3,368)
<br />Change in fair value of investments (7,221) - (14,898) (14,898)
<br />Capital contribution 5,238 - - -
<br />Capital outlay - (1,330,000) - 1,330,000
<br />Gain (loss) on disposal of assets (2,936) - 4,857 4,857
<br />Miscellaneous revenue 800 - 62,444 62,444
<br />Transer in 10,579 322,637 736,273 413,636
<br />Total nonoperating activity 32,670 (964,363) 828,308 1,792,671
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<br />Change in net position 179,596 (552,863)$ 875,193 1,428,056$
<br />Beginning net position 5,994,618 6,174,214
<br />Ending net position 6,174,214$ 7,049,407$
<br />2016 Change from 2015
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